Batavia, Iowa Property Taxes
The median property tax rate in Batavia, IA is 1.20%, which is higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Batavia, the typical annual property tax bill reaches $2,458, slightly below the national median of $2,690. Property taxes in Batavia are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Batavia's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Batavia or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Batavia, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,290
Ownwell’s Batavia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Batavia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Batavia to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Batavia, Iowa
Property taxes in Batavia, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Batavia is 1.20%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Batavia set these rates annually, and they can vary across different neighborhoods. Each year, Batavia estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Batavia's effective property tax rate to other areas in Iowa and the national median. For comparison, the zip code 52533 has the highest median property tax rate of 1.20%, while the lowest median tax rate is also 1.20% in the same zip code. Understanding how these cities compare with Batavia provides valuable insights into the varying tax landscape across Wapello County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Batavia Tax Rate
1.20%
Average Wapello County Tax Rate
1.66%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Batavia, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52533 | 1.12% | 1.16% | 1.20% | 1.28% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Batavia, Iowa
In Batavia, Iowa, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Wapello County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Batavia, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Batavia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Batavia is $2,458 in the 52533 zip code, while the lowest is also $2,458 in the same zip code.
Average Batavia Assessed Value
$190,870
Average Wapello County Assessed Value
$83,735
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Batavia, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52533 | $67,955 | $143,642 | $190,870 | $279,410 | $361,525 |
Source: Ownwell
Property Tax Bills Across Batavia, Iowa
In Batavia, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. The assessed value typically reflects a percentage of the market value of your property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. In Wapello County, where Batavia is located, property tax rates can vary, but they are generally influenced by the county's budgetary needs and voter-approved levies. Homeowners in Batavia experience a range of property tax bills. For instance, the 25th percentile of tax bills is around $1,660, while the 75th percentile reaches approximately $3,294. The highest median tax bill recorded in the area is $2,458. These tax bills significantly impact homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Batavia's property tax bills reflect the local economic conditions and public service funding requirements.
Average Batavia Tax Bill
$2,458
Average Wapello County Tax Bill
$1,372
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Batavia, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52533 | $921 | $1,660 | $2,458 | $3,294 | $4,454 |
Source: Ownwell